123,802 Shares in Telefonica Brasil S.A. $VIV Purchased by Dorsey Wright & Associates

Dorsey Wright & Associates purchased a new position in Telefonica Brasil S.A. (NYSE:VIV) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 123,802 shares of the Wireless communications provider’s stock, valued at approximately $1,578,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in VIV. Rhumbline Advisers increased its stake in shares of Telefonica Brasil by 337.7% during the 1st quarter. Rhumbline Advisers now owns 4,233 shares of the Wireless communications provider’s stock valued at $37,000 after acquiring an additional 3,266 shares during the last quarter. Advisors Asset Management Inc. purchased a new position in shares of Telefonica Brasil during the 1st quarter worth about $52,000. EverSource Wealth Advisors LLC boosted its position in shares of Telefonica Brasil by 214.0% in the second quarter. EverSource Wealth Advisors LLC now owns 4,766 shares of the Wireless communications provider’s stock worth $54,000 after acquiring an additional 3,248 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in Telefonica Brasil by 45.7% in the second quarter. PNC Financial Services Group Inc. now owns 5,163 shares of the Wireless communications provider’s stock valued at $59,000 after purchasing an additional 1,619 shares during the period. Finally, Westfuller Advisors LLC purchased a new stake in Telefonica Brasil in the third quarter valued at approximately $59,000. Hedge funds and other institutional investors own 5.16% of the company’s stock.

Telefonica Brasil Price Performance

VIV opened at $15.74 on Wednesday. The company has a quick ratio of 0.94, a current ratio of 1.00 and a debt-to-equity ratio of 0.22. Telefonica Brasil S.A. has a 52-week low of $8.19 and a 52-week high of $16.95. The company has a 50 day moving average of $14.75 and a two-hundred day moving average of $13.23. The company has a market cap of $25.61 billion, a P/E ratio of 22.49, a P/E/G ratio of 0.69 and a beta of 0.68.

Telefonica Brasil (NYSE:VIV) last issued its earnings results on Monday, February 23rd. The Wireless communications provider reported $0.22 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.05. The business had revenue of $2.83 billion for the quarter, compared to the consensus estimate of $2.88 billion. Telefonica Brasil had a net margin of 10.42% and a return on equity of 9.15%. On average, analysts expect that Telefonica Brasil S.A. will post 0.6 earnings per share for the current year.

Analysts Set New Price Targets

VIV has been the topic of a number of recent analyst reports. Zacks Research raised shares of Telefonica Brasil from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 9th. Wall Street Zen raised shares of Telefonica Brasil from a “buy” rating to a “strong-buy” rating in a research note on Sunday, January 11th. Barclays lowered Telefonica Brasil from an “overweight” rating to an “equal weight” rating and increased their target price for the stock from $14.50 to $16.00 in a research report on Thursday, March 12th. UBS Group cut Telefonica Brasil from a “buy” rating to a “sell” rating in a report on Wednesday, March 11th. Finally, Weiss Ratings raised Telefonica Brasil from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, February 25th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $13.42.

About Telefonica Brasil

Telefônica Brasil SA, commonly marketed under the Vivo brand, is one of Brazil’s largest telecommunications providers, offering a broad range of consumer and enterprise communications services. The company’s core activities include mobile voice and data services, fixed-line telephony, broadband internet (including fiber-to-the-home), and pay-TV solutions. It also provides ICT and managed services for business customers, such as cloud, data center, connectivity, Internet of Things (IoT) and security solutions.

Vivo operates a nationwide network across Brazil and serves both individual consumers and corporate clients.